Updated November 28 at 6:26am

Enter your email to receive Providence Business News' e-newsletters
and breaking news alerts.  


CVS slashes lobbying costs by 13%


WOONSOCKET – CVS Caremark Corp. reduced its lobbying expenditures by 13 percent in the third quarter, according to The Associated Press.

CVS cuts its costs to $2.2 million from $2.6 million in the third quarter of 2011. It spent $2.3 million in the 2011 second quarter.

It lobbied Congress, the Department of Health and Human Services, and the Centers for Medicare and Medicaid Services, the AP said, citing a form filed Oct. 20 with the U.S. House of Representatives clerk’s office.

CVS focused on issued related to:

  • Prescription drug costs.

  • Pharmacy benefits management laws that would require pricing and contract information disclosure.

  • Corporate tax rates.

  • Medicare Part D prescription drug benefit.

  • Medicare and Medicaid plan design and cost savings.

  • Disclosures of protected health information.

  • Proposals that would change the delivery schedule for the U.S. Post Office.

  • Health insurance regulations.

  • Laws related to mail order prescriptions and generic drugs, drug safety and antitrust exemptions for pharmacies.


No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News